Emerson Process Management (EPM) has 18 business units in 120 locations and generates more than 45,000 invoices and expense reports per month, so to say they needed an automated purchase to pay software solution would be an understatement. Indeed, 45,000 invoices and expense reports is a lot of paper to wade through in a month and that type of volume leads to far too many hours wasted on manual keying, lost paper, and chasing forms. DataServ’s Software as a Service (SaaS) with Optical Character Recognition (OCR) purchase to pay solution is precisely what the doctor ordered for Scott Gilley, the Director of Shared Services Accounting at EPM. OCR is a powerful technology that, when coupled with a comprehensive invoice receipt and quality assurance process, can virtually eliminate manual keying. Some of the benefits of a SaaS OCR purchase to pay solution include improved internal controls, cost savings, enhanced efficiency, and the peace of mind that comes in knowing your invoices will always be processed, even during holidays and vacations.
With the many pain points of manual data entry in mind, Scott and Jeff Haller, the Managing Partner and CEO of DataServ, will team up at this year’s Fusion conference to discuss the five most important ways to maximize the power of OCR for your business. Fusion is conducted by The Institute of Financial Operations and is the premier conference and training event for financial operations professionals. This year’s conference runs from May 5-8 in Dallas, Texas at the Gaylord Texan Resort and Convention Center. Scott and Jeff will be presenting their session, Fulfilling the Promise of OCR: 5 Key Points to Improve Your Capture Rate and Virtually Eliminate Manual Data Entry, on May 6 at 2:45 pm. We hope to see you there!
You can download a copy of this presentation here.